LTC: Support and Resistance

COINBASE:LTCUSD   Litecoin / Dollar
Those of you who saw my chart yesterday know we correctly called the bottom AND the bounce back up. This was done with simple triangulation...two weeks ago. So it's not all about the fancy TA tools.

So where are we now? It looks like we aren't going to break out of our triangle yet, so expect some more ups and downs. These should resolve before November 4th, but whether it'll be in two days or two weeks I can't tell you. Once it does resolve expect a big movement in whichever direction it chooses to go. I'm personally bullish (we're above the middle line of the triangle, and in the lower part of the year long channel -- so there's plenty of room to grow), but it's more of a gut call at this point. Ichi cloud is bearish , so think about it and make your own call.

Support and Resistance:
$53.60 This is the bottom of our triangle. If we break out of it we risk a serious dip.
$55.40 Week long support (strong)
$57.50 Two day support (weak)
$59.00 First resistance point
$60.15 Second resistence point
$61.33 Top of the triange. If we break out of this -- and hold -- expect a large rally. This is the potential moon shot.

Personally? I'm long, so I'm just going to hold.
Day traders should look for the resistance points. If we bounce off of them there's an opportunity to sell and then buy a few bucks lower.

Stop loss should be around $52.

Thanks! Much appreciated
Thank you! Especially for the details (s&r points) and description.
+1 Antworten
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Startseite Aktien-Screener Devisen-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden